SOURCE: Rosen Law Firm, PA

October 01, 2010 15:28 ET

The Rosen Law Firm Announces Securities Class Action Against Green Mountain Coffee Roasters -- GMCR

NEW YORK, NY--(Marketwire - October 1, 2010) -  The Rosen Law Firm today announced that a class action lawsuit has been filed on behalf of Green Mountain Coffee Roasters, Inc. ("Green Mountain" or the "Company") (NASDAQ: GMCR) investors for violations of the federal securities laws.

To join the class action against Green Mountain, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653. You may also email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action.

While a law firm filed a class action on behalf of persons who purchased Green Mountain stock from July 28, 2010 through September 28, 2010 (the "Class Period"), the Rosen Law firm continues to investigate securities claims on behalf of investors who purchased their shares prior to July 28, 2010. As such, The Rosen Law Firm encourages Green Mountain investors who purchased during the Class Period or before July 28, 2010 to contact the firm.

According to lawsuit, Green Mountain and certain of its officers issued materially false and misleading financial statements that did not comply with Generally Accepted Accounting Principles and SEC rules. On September 28, 2010, the Company announced it was under investigation by the SEC for issues related to improper revenue recognition. The announcement also revealed that certain of the Company's previously issued financial statements would be restated. As a result of this adverse news, the price of Green Mountain stock fell, damaging investors.

If you wish to serve as lead plaintiff in the class action, you must move the Court no later than November 29, 2010. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, or to discuss your rights or interests regarding this class action, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm, toll-free, at 866-767-3653, or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. You may also visit the firm's website at http://www.rosenlegal.com.

The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information

  • Contact:
    Laurence Rosen, Esq.
    Email Contact
    Phillip Kim, Esq.
    Email Contact
    The Rosen Law Firm P.A.
    Tel: (212) 686-1060
    Weekends/After-hours Tel: (917) 797-4425
    350 5th Avenue, Suite 5508
    New York, New York 10118
    Toll Free: 1-866-767-3653
    Fax: (212) 202-3827
    www.rosenlegal.com